Nexera issues USD 600,000 convertible note to institutional investor at 4% interest - NEXR News | RalliesNexera issues USD 600,000 convertible note to institutional investor at 4% interest
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NEXR• Convertible note terms
- Nexera Technologies issued a $600,000 convertible promissory note to an institutional investor for cash proceeds of $540,000.
- The note matures 28 months from Sept. 17, 2026 and bears 4% annual interest, rising to 14% during an event of default.
- Repayment is set in 10 equal monthly installments starting the month after the 18-month anniversary, unless prepaid or extended.
Conversion and warrant details
- The holder may convert the note into ordinary shares at the lower of $1.42 or 88% of the 20-day low VWAP, subject to a $0.284 floor.
- The investor also received a 66-month warrant for 448,359 shares at a $1.42 exercise price.
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